Kelli M asked:


If the company that holds my mortgage goes belly up, what happens next? Does someone else buy the mortgage? And how would this affect me as the homeowner?

Droppin Knowledge asked:


I have a 5 year interest only mortgage and just closed on my condo 4 months ago. It appears rates are lower. How do I go about refinancing and what are the advantages? If it’s lower should I autmoatically do it?

MJB asked:


I own property with 2 other people. We have no written contract, etc., but just equally pay the mortgage. Two of us now want to sell the property, but one person refuses to. Do we have any legal remedies?
Thanks!

blackguy_56 asked:


I’m thinking about breaking my mortgage with Scotiabank to get a better rate somewhere else (and hopefully lower payments) anyone have any idea how much Scotiabank charges as a penalty for breaking a 5 year closed mortgage 2 years early?

Carmen M asked:


I am interested in obtaining a mortgage broker license and would like to start a business from home. I would like to find someone who can teach me the business or find out how I can learn the business, so that I don’t have to work for a mortgage company.

Discovery asked:


I’ve accepted a positon as a mortgage loan officer and it’s been several years since I’ve worked in this industry. I don’t want to walk in cluesless but I know things have changed such as required documents to receive a Good Faith Estimate. Thanks for your help and any tips on being successful are welcomed.

lisamj asked:


Bought an investment property in Detroit and unable to find a stable renter. Lender won’t foreclose or do a deed in lieu of. $69000 owed on mortgage even though house is definitely not worth that now. Lender threatening to send it to collections. House is and has been on the market for months.

KL asked:


Is this the correct formula for the tax deduction:
Tax rate of 38.5% times all the mortgage interest I paid in the past year?

Also, If I owe $100 in taxes but my deduction is $125 (based on formula above) does that mean the govt. will send me a check for $25?

Liesl W asked:


If I use a bridge loan to buy a new house, what, if anything happens to the mortgage on our existing house? Are we then responsible for our first mortgage, bridge loan payments and the new morgage? What is the benefit (other than obviosly being able to purchase the new house) of that?

onlyinurdreams85 asked:


My friend is separated. He moved out of the house and told his wife she could have it. His wife is two payments behind on their mortgage. She told him that she is looking into filling bankruptcy. How can he get out of this mess?